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Saudi Arabia to Invest in Kurdistan Region

1/29/2015

Saudi Arabia to Invest in Kurdistan Region

Delegates from Saudi Arabia have visited the Kurdistan Region and met with the Ministry of Municipalities and Tourism with the aim of encouraging Saudi Arabian companies to invest in the region, and to foster closer ties.

In the meeting, the head of the delegates Abdul-Rahman Bin Kharfan al-Shahri explained that the visit will encourage Saudi Arabia’s investors to invest in the Kurdistan Region.

In response, Minister of Municipalities and Tourism Nawroz Mawlud pointed out that Kurdistan Regional Government (KRG) welcomes anyone who wishes to invest and play a role in developing the region.

Saudi Arabia is expected to open a general consulate in the Kurdistan Region further developing the two sides’ relationship.

Earlier this month, the Foreign Ministry of Saudi Arabia announced that they will send an export team to Iraq in order to meet with the officials regarding opening the Saudi Arabia Embassy in Baghdad as well as General Consulate in Erbil, the capital of Kurdistan Region.

Basnews

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